Office Building with Expansion
For Sale
$749,000
3306 Donna Way, Gainesville, GA 30504
Commercial Sale, Gainesville, GA
Property Size3,217 SF
Lot Size0.71 Acres
Price / SF$232.83
Days on Market228
Property Features for 3306 Donna Way
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
15
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Level
Directions
GPS Friendly
Standard status
Active
APN
08033 000001B
Size
3,217 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
944
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
7 office spaces
conference room
2 reception areas
break/kitchen area
training room
multiple closets
walk-in indoor storage closet
Building Details
Year built
1979
Flooring type
Carpet
Building materials
Brick, Frame
Roof type
Composition
Listing Agency:
eXp Realty
(888) 959-9461
Listed By:
Maria E Ponce · License #362507
(770) 374-8599
Added: Jan 24
Changed: Sep 4
Last Checked: Sep 9 at 10:06AM
MLS# 10678847
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property includes 3,217 square feet of space arranged with 7 office spaces, 1 conference room, 2 reception areas, a break and kitchen area, and an extra-large training room. Multiple closets and a walk-in indoor storage closet add practical support space. The building was constructed in 1979 and features brick and frame construction, carpeted flooring, central air, electric cooling, electric and hot water heating, a composition roof, and a parking lot. An accessible approach with ramp is also provided.
The offering includes a 0.71-acre parcel together with an adjacent 0.74-acre lot, creating additional land for future development, expansion, or resale. The property is positioned along a road with an estimated 30,800 vehicles per day. Public water is available, with a public water source and septic tank serving the property.
The offering includes a 0.71-acre parcel together with an adjacent 0.74-acre lot, creating additional land for future development, expansion, or resale. The property is positioned along a road with an estimated 30,800 vehicles per day. Public water is available, with a public water source and septic tank serving the property.
Key Highlights
- 3,217‑square‑foot office building constructed in 1979
- 7 office spaces, 1 conference room, 2 reception areas, and an extra‑large training room
- Combined land includes 0.71 acres plus an adjacent 0.74‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,097
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$861,940
$861.9K
Cap Rate 7%
$615,671
$615.7K
Cap Rate 9%
$478,856
$478.9K
Market Conditions
NOI Build-Up for 3,217 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.8K $23.88/SF
− Vacancy
−$19.4K −$6.02/SF
EGI
$57.5K $17.86/SF
− OpEx
−$14.4K −$4.47/SF
NOI
$43.1K $13.40/SF
Area
Hall County, GA
Vacancy
25.20%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$861,940
Cap Rate 7%
$615,671
Cap Rate 9%
$478,856
Alternative Uses
Best Use
Office B
$615.7K
$538.7K – $718.3K
NOI $43,097 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$900.9K
$788.3K – $1.05M
NOI $63,065 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
30,800 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 30504, GA
27,403
Population
10,162
Households
2.7
Avg Household Size
34
Median Age
23%
College-Educated
70%
High-School Grad
18.1 sq mi
ZIP Area
1,514
Density / Sq Mi
$71,833
Median Household Income
$34,972
Median Earnings
$1,266
Median Rent
$294,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property with multiple work areas, conference space, reception areas, and an adjacent parcel for future planning.
Where is this office building located?
The property is located at 3306 Donna Way Gainesville, GA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 3,217‑square‑foot office building constructed in 1979; 7 office spaces, 1 conference room, 2 reception areas, and an extra‑large training room; Combined land includes 0.71 acres plus an adjacent 0.74‑acre lot
